Cryptocurrency Taxes: how they Work and what Gets Taxed

If you held that specific amount of cryptocurrency for less than one year and it appreciated, the gain is taxed at your income tax level. Imagine you bought one Bitcoin (BTC) for about $3,700 in early 2019. In late February 2022, 1 BTC was worth $38,500, which you could have used to buy a car. So, you’re getting taxed three […]

Cryptocurrency Explained with Pros and Cons for Investment

For example, Robinhood allows users to invest in bitcoin and other cryptocurrencies, although you cannot withdraw them from the platform for purchases. In addition, there are several crypto ETFs that provide exposure to the crypto asset class without requiring the investors to maintain their own wallets. For instance, as of May 2024, investors may choose to hold Bitcoin futures ETF […]

Binance Amid Crypto Winter

The interface is clean, intuitive, and great for quick transactions. Whether you’re swapping crypto or buying with fiat via Apple Pay, debit/credit card, or bank transfer, the process is smooth and beginner-proof. Another standout is its multilingual, 24/7 customer support, which adds a human touch to the platform’s fast-paced ecosystem. Portfolio tracker to manage your assets in one place. And […]

Castellucci, Ryan. Cracking Cryptocurrency Brainwallets (PDF)

In addition to this basic function of storing the keys, a cryptocurrency wallet more often offers the functionality of encrypting and/or signing information. It also mentioned using cryptographic proof to verify. The project was described as an electronic payment system using cryptographic proof instead of trust. Signing can for example result in executing a smart contract, a cryptocurrency transaction (see […]